Tax Incentives

Boeing's $1.8 billion St. Louis-area project faces questions on tax breaks worth millions

Eric Schmid

One member of the St. Louis County Council called the Boeing request for a $155 million tax abatement on the company’s proposed $1.8 billion investment “tone-deaf timing.” It comes just weeks after the council voted against freezing property taxes for seniors.

City Foundry officials say roughly 50% of retail and entertainment spaces are available. It is at full capacity for office space.

Economy & Business

St. Louis’ Renegotiation Of City Foundry Tax Incentives Could Pave Way For More Equitable Growth

Corinne Ruff

A wave of new city leaders are hoping to change the way the city uses tax incentives to do business with developers.

A rendering of the Major League Soccer stadium, which is scheduled to be completed by March 2022.

Economy & Business

Major League Soccer Ownership Group Closes In On Public Incentives

Corinne Ruff

The Major League Soccer ownership group is one step closer to securing the public financial aid it's seeking to construct a stadium in downtown St.…

A Build-A-Bear employee sets out a display bear after dressing it in a new Blues uniform at at a store in the St. Louis Galleria. With the approval of a tax incentive package, the company is expected to move its headquarters to downtown St. Louis.

Economy & Business

Build-A-Bear Gets Incentives To Move Headquarters To Downtown St. Louis

Corinne Ruff

The St. Louis Board of Aldermen approved a tax incentive package Friday, sweetening a plan for Build-A-Bear to move its headquarters ⁠— and 200 employees…

Parson announced a new tax incentive plan for automotive manufacturers Wednesday. May 8, 2019.

Government, Politics & Issues

Parson Seeks Wentzville GM Plant Expansion With Tax Incentive Proposal

Kae M. Petrin

Missouri Gov. Mike Parson is pushing an economic development plan intended to incentivize General Motors to expand its automotive plant in Wentzville.If…

A boutique apartment tower going up at Euclid and West Pine avenues received tax increment financing in 2015. It sits across from a Whole Foods, which is housed on the lower level of another apartment building that received TIF. (Feb. 21, 2017)

Economy & Business

Advocacy group: Limiting tax incentives could decrease inequality in St. Louis

Kae M. Petrin

A coalition critical of the tax relief St. Louis awards developers wants lawmakers to make processes to grant tax incentives more transparent and more…

Economy & Business

St. Louis' development agency diving into tax incentive reform

Maria Altman

Tax incentives in St. Louis have come under increasing scrutiny in recent years, both from within city government and among citizens' groups.Now the St.…

Economy & Business

Team TIF proposes new rules on St. Louis tax incentives

Maria Altman

A St. Louis citizens group wants the city to be more transparent when it comes to tax incentives.Team TIF is asking the city's Board of Aldermen to pass…

The proposed office building would be on the west end of Ballpark Village, across the street from Busch Stadium.

Government, Politics & Issues

As one round of incentives reaches Mayor Slay's desk, work starts on tax money for soccer stadium

Rachel Lippmann

Updated Dec. 19 with Greitens opposition to public stadium funding - The St. Louis Board of Aldermen considered millions of dollars in economic…

Economy & Business

Cardinals seek tax incentives for Ballpark Village Phase II

Maria Altman

The next phase of Ballpark Village would change the look of downtown St. Louis.The Cardinals, along with development partner Cordish, plan to build a…